Zevia PBC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
ZVIA$1.09-14.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Operating activities: | ||
| Net loss | $(23,783) | $(28,322) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Non-cash lease expense | 587 | 567 |
| Sublease impairment loss | 351 | — |
| Depreciation and amortization | 1,329 | 1,615 |
| Loss on disposal of property, equipment and software, net | 57 | 480 |
| Amortization of debt issuance cost | 76 | 76 |
| Equity-based compensation | 4,961 | 8,279 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 324 | (42) |
| Inventories | 15,932 | (6,974) |
| Prepaid expenses and other assets | 3,220 | (2,573) |
| Accounts payable | (5,863) | 13,640 |
| Accrued expenses and other current liabilities | 2,367 | (2,435) |
| Operating lease liabilities | (635) | (585) |
| Other non-current liabilities | 58 | — |
| Net cash used in operating activities | (1,019) | (16,274) |
| Investing activities: | ||
| Purchases of property, equipment and software | (283) | (1,624) |
| Proceeds from sales of property, equipment and software | — | 2,429 |
| Net cash (used in) provided by investing activities | (283) | 805 |
| Financing activities: | ||
| Proceeds from revolving line of credit | 8,000 | — |
| Repayment of revolving line of credit | (8,000) | — |
| Proceeds from exercise of stock options | — | 25 |
| Net cash provided by financing activities | — | 25 |
| Net change from operating, investing, and financing activities | (1,302) | (15,444) |
| Cash and cash equivalents at beginning of period | 31,955 | 47,399 |
| Cash and cash equivalents at end of period | $30,653 | $31,955 |
| Non-cash investing and financing activities | ||
| Capital expenditures included in accounts payable | $1 | $12 |
| Conversion of Class B common stock to Class A common stock | $9,955 | $6,883 |
| Operating lease right-of-use assets obtained in exchange for lease liabilities | $— | $1,818 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $93 | $79 |
| Cash paid for income taxes | $85 | $127 |
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